2024-05-14T14:03:31-05:00 2023-06-30 352123203 KSM BUSINESS SERVICES INC PO BOX 40857 INDIANAPOLIS IN 46240 990 2022-07-01 356016131 ALPHA KAPPA PSI FOUNDATION INC ALPH 3178721553 8001 E 196TH STREET NOBLESVILLE IN 46062 CARL STEVEN HARTMAN CEO 3178721553 2024-05-13 1 CARL STEVEN HARTMAN 999009999 1 CASSE TATE P01271193 3175802000 2024-05-13 3 AAL1 IAL1 2022 2023-04-26 12:10:37Z CARL STEVEN HARTMAN 8001 E 196TH STREET NOBLESVILLE IN 46062 6845496 0 X HTTPS://AKPSIFOUNDATION.ORG X 1951 IL THE FOUNDATION'S MISSION IS TO PROVIDE RESOURCES FOR ENHANCING THE EDUCATIONAL EXPERIENCE OF FUTURE BUSINESS LEADERS. 5 5 0 25 0 0 1298847 208960 0 0 229885 -56110 10701 4786 1539433 157636 189487 195670 0 0 160078 292119 0 0 133483 103725 112260 453290 600049 1086143 -442413 4970263 5035602 167130 144414 4803133 4891188 TO PROVIDE RESOURCES FOR ENHANCING THE EDUCATIONAL EXPERIENCE OF FUTURE BUSINESS LEADERS. 0 0 159937 95670 THE FOUNDATION DISTRIBUTES MORE THAN 60 GRANTS AND SCHOLARSHIPS TO UNDERGRAD AND GRAD STUDENTS. THE SCHOLARSHIPS ARE FOR ACADEMY (A LEADERSHIP DEVELOPMENT CONFERENCE), ACADEMIC TEAM (TOP SCHOLARS WHO MAKE POSITIVE CONTRIBUTIONS TO THEIR SCHOOL AND COMMUNITY) AND RESTRICTED SCHOLARSHIPS (BASED ON AREA OF STUDY, CHAPTER OR OTHER DONOR STIPULATIONS). 100000 100000 THE FOUNDATION DISTRIBUTES GRANTS TO ALPHA KAPPA PSI FRATERNITY TO FUND EDUCATIONAL, LEADERSHIP, AND PROFESSIONAL DEVELOPMENT PROGRAMMING FOR ALPHA KAPPA PSI STUDENT AND ALUMNI MEMBERS. 30447 PROVIDING RESOURCES FOR ENHANCING THE EDUCATIONAL EXPERIENCE OF FUTURE BUSINESS LEADERS. 290384 1 1 0 0 0 0 0 0 0 1 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 5 5 0 0 0 0 1 1 0 1 1 0 0 1 1 1 1 1 1 0 0 0 IN AL AK AR CA CO CT DC FL GA HI IL KS KY LA ME MD MA MI MN MS MO NV NH NJ NM NY NC ND OH OK OR PA RI SC TN UT VA WA WV WI X BRIAN PARKER 3178721553 8001 E 196TH STREET NOBLESVILLE IN 46062 X TIMOTHY DANIELS CHAIRMAN 1.00 X X 0 0 0 ALISON JENNINGS VICE CHAIR 1.00 X X 0 0 0 MAT JOHNSTON TREASURER/SECRETARY 1.00 X X 0 0 0 STEPHEN SMITH DIRECTOR 1.00 X X 0 0 0 JACQUELINE GINARTE DIRECTOR 1.00 X 0 0 0 ELIZA HERNANDEZ NUCCIO DIRECTOR (7/1/22 - 8/6/22) 1.00 X 0 0 0 RODNEY TURNER DIRECTOR (7/1/22 - 8/6/22) 1.00 X 0 0 0 NICK MYERS DIRECTOR (7/1/22 - 8/6/22) 1.00 X 0 0 0 C STEVEN HARTMAN CEO 20.00 X 0 0 0 0 0 0 0 0 0 0 0 208960 208960 116634 116634 6515116 6687860 -172744 -172744 -172744 4786 4786 4786 157636 0 0 -51324 100000 100000 95670 95670 239537 69466 67070 103001 32133 9318 8998 13817 20449 5930 5726 8793 19715 19715 21233 21233 5858 5858 20291 10000 7059 3232 7500 7500 2526 2526 SILENT AUCTION 2329 2329 ALUMNI RECEPTIONS 2311 2311 30497 30497 600049 290384 176182 133483 34858 46932 709718 557907 4225687 4430763 4970263 5035602 92130 44414 75000 100000 167130 144414 X 1881353 1974386 2921780 2916802 4803133 4891188 4970263 5035602 -442413 443530 86938 0 X X 0 1 X 1 0 X 229483 178403 156359 1298847 208960 2072052 229483 178403 156359 1298847 208960 2072052 486179 1585873 135859 87344 76676 83826 116634 500339 9280 14224 9579 10701 4786 48570 2620961 0.60510 0.67500 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: OTHER INCOME - 2018 AMOUNT: $ 9,280. 2019 AMOUNT: $ 14,224. 2020 AMOUNT: $ 9,579. 2021 AMOUNT: $ 10,701. 2022 AMOUNT: $ 4,786. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 2537436 36135 200911 68863 2705619 3088273 53235 -509867 94205 2537436 2394376 59650 707705 73458 3088273 2387442 54479 35536 83081 2394376 2238384 104758 137919 93619 2387442 0.22704 0.65000 0.12296 0 0 0 X 669544 443530 89611 533141 136403 21233 21233 157636 581489 2673 2673 578816 21233 21233 600049 PART V, LINE 4: THE ENDOWNMENT FUNDS ARE DESIGNATED FOR AWARDS AND SCHOLARSHIPS TO CURRENT MEMBERS WHO EXHIBIT EXEMPLARY LEADERSHIP AND SERVICE ATTRIBUTES, GRANTS FOR THE PRINICPLED BUSINESS LEADERSHIP INSTITUTE OR COLLEGE OF LEADERSHIP SPEAKERS' HONORARIA, FUNDING FOR THE FOUNDATION'S MAGAZINE, CAPITAL IMPROVEMENTS ON THE EDUCATION PORTION OF THE HEADQUARTERS FACILITIES, SUPPORT PROGRAMS TO BRING TOGETHER ALUMNI AND STUDENTS OF ALPHA KAPPA PSI, AND FOR INVESTMENTS IN PERPETUITY. PART X, LINE 2: THE FOUNDATION IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE, THOUGH IT IS SUBJECT TO TAX ON INCOME UNRELATED TO ITS EXEMPT PURPOSE, UNLESS THAT INCOME IS OTHERWISE EXCLUDED BY THE INTERNAL REVENUE CODE. IN ADDITION, THE FOUNDATION HAS BEEN DETERMINED BY THE INTERNAL REVENUE SERVICE NOT TO BE A PRIVATE FOUNDATION WITHIN THE MEANING OF SECTION 509(A) OF THE INTERNAL REVENUE CODE. THERE WAS NO UNRELATED BUSINESS INCOME TAX FOR THE YEARS ENDED JUNE 30, 2023 AND 2022. THE FOUNDATION FILES U.S. FEDERAL AND INDIANA INFORMATION RETURNS. THE ORGANIZATION IS NO LONGER SUBJECT TO U.S. FEDERAL AND STATE INCOME TAX EXAMINATIONS BY TAX AUTHORITIES FOR FISCAL YEARS BEFORE 2020. MANAGEMENT BELIEVES THAT THE FOUNDATION'S INCOME TAX FILING POSITIONS WILL BE SUSTAINED ON AUDIT AND DOES NOT ANTICIPATE ANY ADJUSTMENTS THAT WILL RESULT IN A MATERIAL CHANGE. 1 ALPHA KAPPA PSI FRATERNITY INC 8001 E 196TH STREET NOBLESVILLE IN 46062 352018908 501(C)(7) 100000 0 GRANTS TO ALPHA KAPPA PSI FRATERNITY TO FUND EDUCATIONAL, LEADERSHIP, AND PROFESSIONAL DEVELOPMENT PROGRAMMING FOR ALPHA KAPPA PSI STUDENT AND ALUMNI MEMBERS. 0 1 EDUCATIONAL GRANTS AND SCHOLARSHIPS 73 95670 PART I, LINE 2: GRANTS TO ORGANIZATIONS IN THE UNITED STATES ARE TO BE USED FOR CHARITABLE OR EDUCATIONAL PURPOSES. GRANTS TO ORGANIZATIONS OTHER THAN 501(C)(3) ORGANIZATIONS REQUIRE SUBSTANTIATION OF THE INTENDED USE OF FUNDS PRIOR TO THE FOUNDATION MAKING THE GRANT. GRANTS AND SCHOLARSHIPS TO INDIVIDUALS IN THE UNITED STATES ARE TO BE USED FOR EDUCATIONAL EXPENSES. GRANTS AND SCHOLARSHIPS TO INDIVIDUALS REQUIRE SUBSTANTIATION OF EDUCATIONAL COSTS AND ACADEMIC ELIGIBILITY, IF APPLICABLE. FORM 990, PART VI, SECTION A, LINE 6 ALL PAST DIRECTORS ARE ELIGIBLE TO CAST A VOTE FOR THE ANNUAL BOARD OF DIRECTORS ELECTION. ADDITIONALLY, ANY DONOR WHO HAS REACHED A CUMULATIVE GIVING LEVEL OF $1,000 AND MAINTAINS A MINIMUM ANNUAL CONTRIBUTION LEVEL OF $100 IS ELIGIBLE TO VOTE AT THE ANNUAL BOARD OF DIRECTORS ELECTION. BECAUSE THESE INDIVIDUALS ARE ENTITLED TO CAST A VOTE FOR THE BOARD ELECTION, THE FOUNDATION HAS DEEMED THESE INDIVIDUALS TO FALL WITHIN THE INTERNAL REVENUE SERVICE'S DEFINITION OF "MEMBER". THESE INDIVIDUALS ARE NOT ENTITLED TO ANY DISTRIBUTION OF INCOME OR ASSETS FROM THE ORGANIZATION. FORM 990, PART VI, SECTION A, LINE 7A "MEMBERS," AS DESCRIBED ON SCHEDULE O, PART VI, SECTION A, LINE 6, MAY ELECT MEMBERS OF THE GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS REVIEWED BY THE AUDIT COMMITTEE AND IS THEN SUBMITTED TO THE BOARD PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C BOARD MEMBERS SUBMIT SIGNED CONFLICT OF INTEREST DISCLOSURES AT LEAST ANNUALLY. ANY CONFLICTS ARE ADDDRESSED ON A CASE-BY-CASE BASIS AND PROMPTLY RESOLVED. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION FOR THE FOUNDATION'S CHIEF OPERATING OFFICER IS DETERMINED BY THE CHIEF EXECUTIVE OFFICER. FORM 990, PART VI, SECTION C, LINE 19 ALPHA KAPPA PSI FOUNDATION MAKES ITS GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS AVAILABLE TO INTERESTED PARTIES UPON WRITTEN REQUEST. FORM 990, PART XII, LINE 2C: THE ORGANIZATION HAS AN AUDIT COMMITTEE THAT IS RESPONSIBLE FOR OVERSEEING THE AUDIT AND SELECTING AN INDEPENDENT ACCOUNTANT. THE ORGANIZATION'S PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.